Crude prices rebounded on Monday after Algeria’s energy minister said the day before that all options were possible for an oil output cut or freeze at this week’s informal meeting of OPEC producers. That came […]
Anyone that suggests that this economy will pull out of this morass first by reducing interest rates, so that people can borrow more, and hopefully employ more, and build big businesses, and then pay taxes, […]
…it is important to reiterate that Nigeria’s high interest regime reflects not only the cost of capital but also the cost of doing business in the country. Therefore, in order for Nigerians to begin to […]
Lagos, Kaduna and Edo, with a combined foreign debt profile of $1.84bn, are the most indebted states of the federation as far as subnational foreign debts are concerned, investigation has revealed. Statistics obtained from the […]
President Buhari should be advised (if there is anyone left in his cabinet with honour) that the office he holds is held in trust and continuous formulation of policies that are anti-people such as this […]
Samsung now says that a whopping 500,000 brand new Note 7s have arrived in the U.S. and have been distributed to various carriers and retailers, ready to be swapped out for the recalled phones that […]
YouTube star Casey Neistat has wakeboarded through the canals of Amsterdam in a tuxedo and snowboarded through Times Square in a blizzard, so he seems like the kind of guy that would just be randomly […]
With a well-worn hoe dangling on his shoulder, farmer Elie Gnoumou scanned his cotton field in the south of Burkina Faso, Africa’s top grower of the fiber, with visible relief. A month before the harvest […]
The Nigeria Customs Service (NCS) has collected N95.7 billion in August, its hihest collection in the last 10 months. Its Public Relations Unit on its website yesterday, said: “Last month, August 2016, the Service recorded […]
Samsung may incur losses in excess of a billion dollars due to the Note 7 recall. We’ll never know the exact figure, but it’s obvious that Samsung is eager to move past this fiasco and […]
The Central Bank of Nigeria, CBN, has asked Nigerians to brace up for the current economic recession in the country, saying that it was not a 100 metre race but a marathon. Acting Director of […]
There is no doubt that our nation’s overdependence on food importation in feeding her citizens despite the availability of large cultivable expanse of fertile land spread across the 36 states and the Federal Capital Territory, […]
This marks the start of an exploration of the Middle East. It may take a couple of weeks. In the course of it, I shall focus on each of the major actors in the ongoing […]
Any economy is as strong as its banks. So, if this is “our worst possible time”, then no sector of the economy reflects our situation better than our banks. That many are hanging on the […]
…to manage the parallel market into extinction, I am of the opinion that the first decision is to reduce the demand in that market, and consequently reduce the supply. To reduce demand, the CBN needs […]
When you’re choosing a place to hide your $56 million drug stash, why not just go for the joke? Employees at a French Coca-Cola factory found massive bags of cocaine hidden within a shipment of […]
Finance Minister, Kemi Adeosun, indeed said Nigeria’s current economic recession is just “a word”, PREMIUM TIMES can confirm today, two days after the minister denied making such statement. The confirmation, based on video evidence, counters […]
Seven months after halting production, Dangote Tomato Processing Factory, located in Kadawa Village in Kura Local Government Area of Kano State, is to resume production in December. The Managing Director of the company, Alhaji Abdulkadir […]
President Muhamamdu Buhari on Thursday assured Nigerians that despite the various current challenges facing the country, Nigeria would be great again under his watch. Buhari gave the assurance while speaking with Muslim leaders in Osun […]
A day after Aero Contractors announced the suspension of operations and placed staff on indefinitely leave, another national airline, First Nation, has closed business. The National Civil Aviation Authority announced on Thursday that First Nation […]
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